SVE NEWS & Nikkei Sharing Series – South Korea ex-President Lee loses appeal on 17-year prison term

KYODO (Kyodo) — The South Korean Supreme Court on Thursday upheld a 17-year prison sentence and a 13 billion won ($11.45 million) fine handed down by an appeals court against former President Lee Myung Bak over bribery and embezzlement.

The 78-year-old, who was in office from 2008 to 2013, denied any wrongdoing and appealed the February ruling. The prosecution also appealed over what it argued was an insufficient sentence.

Lee was originally sentenced in October 2018 to 15 years in prison for receiving over 8 billion won in bribes, including from Samsung Electronics Co., and embezzling about 24.6 billion won from an automobile parts company he secretly owned.

But the Seoul High Court in February this year added two more years to his original sentence, determining that the former president had accepted larger amounts of bribes, including 8.9 billion won from Samsung alone. It also found that he had embezzled 25.2 billion won from the automobile parts company.

Lee was arrested in March 2018 under the government of current President Moon Jae In. He is the fourth South Korean leader to have been convicted after serving as president.

After the February ruling, Lee was taken into custody but was later granted bail pending his appeal to the Supreme Court.



Sources from: Nikkei

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